Joint probability is a statistical measure used to calculate the likelihood of two or more events happening simultaneously.
Consider flipping two coins simultaneously. The joint probability would be calculating the chance of getting specific combinations like heads on both coins or tails on both coins.
Marginal Probability: Marginal probability focuses on individual probabilities without considering other variables.
Conditional Probability: Conditional probability is the likelihood of an event occurring given that another event has already occurred.
Independence (of Events): Independence means that knowing whether one event occurs does not affect the probability of another event occurring.
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